Item 2. Properties
ITEM 2. PROPERTIES
Our principal place of business is located
at 80 SW 8 th St. Suite 2000, Miami, Florida, 33130, which is an executive virtual office. This location consists of
approximately 1,000 square feet of office and conference room space. The relevant lease expired March 1, 2014, but we have reverted
to a month to month tenancy. We pay a monthly rent of $223. We do not anticipate that we will need to expand the office facility
for the next 12 months.
We have also executed lease agreements for our four company-owned
restaurants, including:
•
3146 NE 9 th ST, Ft Lauderdale, Fl,
33304; (Lease signed in December 2013 for 1 year + 5-year option, 990 sq. ft.; initial monthly rent of $3,200 per month, plus
6% tax, with annual escalator;
•
2601 N Palm Aire Dr, Pompano Beach, Fl, 33069;
Lease signed in December 2015 for 2 years + 1-year automatic renewal. 2,270 sq. ft., monthly rent cost $3,800; and
•
615
N Ocean Blvd, Pompano Beach, Fl, 33062; Lease signed in December 2015 for 1 year + 1-year automatic renewal. 600 sq. ft., monthly
rent cost $546
•
Italian location - Strada Provinciale 70 #100, Ceglie del Campo, 70129, Bari, Italia. The
Lease was signed for a six year terms in June 2019, at a rate of approximately $1,570 per month.
ITEM 3. LEGAL PROCEEDINGS
We are not involved in any material legal proceedings,
nor are we aware of any legal proceedings threatened or in which any director or officer or any of their affiliates is a party
adverse to our Company or has a material interest adverse to us.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
7
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.